Los Angeles daily herald., 1887-03-07

| the fatal vapors in the "city Of the dead
ere waited iuto the bedrooms Of the
living 100 feet below, aro passed in re.
view, we muct see how great is the econ.
omy in the ''short haul" to Lone Noun.
tain.
Business property is held in strong
hands and cannot be bought. The rent
ais pay 3 to s five per cent. per annum
on such investments. If residence prop.
erty were rented every day in the year
it would not pay above or 8 per cent.
gross. That these Investments are true
will appear in the following cases quot.
ed from circulars of some leading dealers;
1872 500. Choice investment; rents
$l06 so, s w cor California and Larkip;
36x75; 2 stores and dwellings never va.
cant. This is one of the best properties
offered for sale.
$4,000. Sixth st cor; large and new
three story building; two stories and
thirty rooms in I'd and Sd floors; rents
$1,000.
''$9, 900. Leavenworth bet California.
and Pine; two story house and cottage
u the rear, $50; lot 40x60.
$4,000. Hyde, bet Geary and O'Far.
AChS tWO Doy WihuOW AOaoCo Vi AOONio
and bath and modern improvements;
rents $ll0; lot 40x6S9."
None of the above are choice proper
ties or near the center of the city.
IN OAKLAND
Property is held at exorbitant prices.
For business lots nearly two miles from
the city center. the quoted prices are
COMO 20, c00n Fer oh rauS-
dence sites, mile from street car line
and four miles from the steam cars, the
values are $40, $50, up to 500 front
foot. Here is one parcel far from the
town proper, l50x450 feet-there is only
the $50 feet frontage to it-with few
shrubs on it, this is held at $40, 900. The
next place to this, with good house is
quoted at $1,000 In Oakland, Ala.
media, or San Francisco, it would be
hard to secure desirable residence for a
gentleman at less than from $500 to
$50, 600. From the other side of the
bay to business and the city the transit
will take full hour to an hour and
half; The cost is five cents to fifteen
cents each way. Most people pay car.
fare on both sides, and ferry.fare over
the bay. This is thirty cents a day.
Any one who thinks property is held at
inflated prices in your city, and that it
can be had up here for song can soon
be set right by little investigation.
COUNTRY PROPERTY.
All this holds true Of country pro.
perty. Grade for grade and location for
location, it is fully as dear here as there.
There is cheap property near this city;
SO there is near Los Angeles In all the
central counties there is property from
$l2 SO to $50 an acre! The same grade
of land can be had just as cheap in your
At Haywards, or near San
Jose you cannot touch really choice
property at less than $500 an
acre. An agent quoted co me places of
thirty.fve acres for $4,000 to SIC, 900
as bargains. These are fully as high as
your very best parcels.
The inexperienced "kid" who tele-
graphs news to tho Chronicle wired the
other day that there was large falling |
off in February in your real estate sales.
Every paper in this city has made use of
this false news to sound a warning that
the "boom" was ended. The facts are
that February had four less business
days than January, and then it " as SO
stormy that, no work could be..done Dur
ing the greater part Of the past month.
From per.onal knowledge I am ac-
luainted with three sales made in Los
Angeles in February the sum Of which
would be twenty-five per cent. of the
alleged falling off. and none of these
we're put on record. Another fact is
hat about this time of year there is an
large number of sales put on
ecord at q nominal figure, in order to
leceive the Assessors il, making their
LOCKER. ON IN VIENNA.